This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Interest under s. 220(2) is leviable for default in payment of tax from the date of default till the date of admission of application for settlement by Settlement Commission
Case Law Details
- Case Name
- Asst. CIT Vs. Smt. Leonie M. Almeida (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
Advertisement
In the case of: Asst. CIT Vs. Smt. Leonie M. Almeida, Decided by: ITAT, Mumbai, Block period 1st April, 1987 to 6th Nov 1997, Decision dated- 26th March, 2009
Gist of decision: The Commission after following procedure prescribed may proceed to deal with the application or may reject the application and therefore the demand raised by the AO in the assessment does not get vacated only on filing of application before the Settlement Commission.
The Settlement Commission has jurisdiction over the assessee only when it decides to proceed with the application and admits the applicati...
